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4) even in 2022, a family of four can usually find a way to be above the poverty level on a less than $40,000 income ( https://www.payingforseniorcare.com/federal-poverty-level ). That $40,000 income is the “4% rule” on a $1,000,000 nest egg…

Just a quick addendum. When you're 33 1/2 years old, your spouse is 32 years old with 2 kids, your SWR is NOT 4%. That's because you have far more than 30 years remaining, probably closer to 55 years. And if you're 55 years old, and using a 30-year timeframe, most likely those two kids are out on their own already (hopefully at least).
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